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If bitcoin will be legalized, tax will put on effect since the government needs to get money from the people then every certain transaction will have a tax now. Although that will make the rich people more rich because they've found a new way to earn money, the lower class people can now match up with the people in the middle class. Poverty will be gone, but they still need to find a stable job for them to gain more income.
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Maybe, if the crypto made here is stronger than bitcoin then they might ban bitcoin because the one they made will become the main currency here. But it is not necessary for bitcoin to be banned because it is the most reliable crypto. Bitcoin should not be banned because it is a life changer, a lot of opportunity is made by bitcoin. And banning it will just destroy those opportunities.
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My start with crypto/btc was that I invested a bit end of November last year. I had a few friends that told me about their small successes and how easy it was to just 'start'. It was indeed quite easy. I started to read and research into btc and every other relevant coin. Whitepapers, teams and such. Then I started to shift focus to the block chain, starting to get a grasp on what could be the future possibilities. I started to get real exited and invested some of my savings in a few projects with (to me) real potential. None of those projects appeared to be alive because of speculation only, mainly because they have a vision and actual plans.
So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.
Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.
I started with high feelings of morality, being part of some new future where block chain would be the next internet. Right now it feels like a rat race where you have to grab as much money as possible before others take it before you or from you.
Not that I am ungrateful. I like many projects because of the team behind it that actually want to change the world. But if I look around me, it is mostly those that are in it to make money, a lot of money....and this money has to come from somewhere right (those that lose money)...
What is your take on this? Is this all a phase, part of how this game works?
Is this the only easy way to make money? not everything is said to be easy but it's definitely easier for you to make money because it's a job that will help you, I think it's some other way to earn money Bitcoin is not just another way of making money, bitcoin showcases the skills of it's traders and the minds of the people behind it's forum. Maybe it gives us a lot of opportunity in gaining money but bitcoin can really make you realize that you are actually good at doing something that is not just all about money, something about strategy. And that is one of the many benefits of being with bitcoin. It is not just another way, but it is where you show your skills. |
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It depends on the price of bitcoin in the market. Why would you have to sell your bitcoins in a lower price if you can hold it and wait for it's price to rise then sell it. That'll give you more opportunity and a lot of income as well if you'll be able to sell your bitcoin in a high price. Do not just sell what you have right now, wait for it to have a much better value then sell it. Patience my friend, patience.
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A trader might be dependent too much on bitcoin, however his strategic skills can take him to far and better places. If ever bitcoin might be gone, I know that a trader is smart enough or strategic enough to look for a stable job. But you can also do trading while you are having a stable job, that will give you more income compared to just focusing on one thing.
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Actually, bitcoin is already the future of digital currency. It is not that much necessary now to use a real cash for a certain transaction, instead bitcoin is what you will use to buy or to have a transaction now. Bitcoin has a good future if it will become the main currency that will be used but it also has some threats since the government might impend tax on every transactions made.
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Both can give you income, however, trading is extra risky because of the chance of losing money if you failed to do what you needed to. But if you are good at trading, then go for it. As long as you won't lose that much money if you failed, and be sure to recover quickly from your loss. Either way, you'll get income from these two. More opportunities and much riskier situation is just waiting for you with trading.
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Because bitcoin's market price is really volatile, it could increase and decrease in a minute. Bitcoin holders tend to hold their bitcoin for a long time because they could get rich if they are able to sell their bitcoin in a high price. Patiently waiting for it's price to increase is something that could help us to have more income in the future when we sell our bitcoin.
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For me, the market is having a good progress in raising the price. Bitcoin's market value is in a good situation today and I think that it'll get better by the end of the month or maybe by this week. No one can say what will exactly happen, but I know thet bitcoin is really in a good track.
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Hold during a bull market. If you sell, you might lose your position where you may never regain again. Like Bitcoin at $1000 in the beginning of 2017. Now, in a bear market if your able to sell early, you may be able to let the market correct far enough so you can pick a new position at a much cheaper price. If you try to sell too late at near bottom prices, then you might also lose your opportunity so it's better to Hodl. It all comes with experience so practice now.
Right, nobody wants to be a loser. It is better to hold the coins now and wait for the time when the market will recover and crypto will start growing up than to sell everything now and lose really a lot. There're many ways to deal with this problem, as you continue to wait will give you a lot of risk in the investment. Try to think if the value of the crypto that you have invested continues to decrease, do you have the courage to keep it and accept a worthless investment in the future? Instead, look carefully at everything. Think of other alternatives that can help you make the same amount of money you spent on crypto, it's better than just waiting for a miracle. If you will hold your bitcoin, then there's a chance that the market price will increase and you'll be able to gain more money if you will sell your btc in a high value then you will earn more. in btc, patience is what you you have a mostly need when you have a bitcoin. Be patient and a good reward might come. |
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The major risk of holding bitcoin is not being sure of what will happen next with bitcoin's value and the system of transaction that people does nowadays. Since bitcoin is really volatile and the market price that it has really changes quickly, holding a bitcoin and waiting it's value to rise from a major fall is a waste of time and quite boring since you can't sell your bitcoin in the price that you want. Most of the things with bitcoin are risky, there's only a small chance of it being stable.
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Bitcoin is famous for its volatility, its price increases and decreases within minutes.
You have a point too.Bitcoin is so much volatile that it may dump or pump its price in less than an hour or minutes.Due to a long days of dump market,i think it has reached its own time to back up and recover from its prolong days of correction.Now will be a time to sit back and relax,because for sure the bull run has just started.Hopefully the price will go to the moon again. Yes, bitcoin is not always on top and the changes with its price really happens fast. It's a good thing that bitcoin's value increases fast but not all the time that thing happens. Though it's predictable that bitcoin will have a value increase, it is still difficult to say when that will happen. Patience is something that you mostly need when you are into bitcoin, the more you wait the more you get. |
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Thinking about bitcoin and it's possibility in the future makes me think that it will raise people from poverty because the currency or the money they use are no longer too hard to earn. But with it's volatility, you need to be patient for you to be able to gain a lot of profit from bitcoin, since it's value raises then suddenly falls. But don't be too dependent on bitcoin, it's still good that you have a business or a stable job.
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If we would look at its present value i dont think bitcoin will be good to be a source of your main income. And i dont think it can be. Because of its unoredictability in price, you may profit good today but you wont know if your are still going to eat tomorrow.
Bitcoin has no stability but when a person who engage of bitcoin earn everyday into it and make profit despite of this fall, this will be enough to be the main income. But for those you depend on few ways to earn like me, it is not enough to leave to current job because the combination of salary is good help for me where I do not have to use crypto and just hold for the time like this. I can see that will serve as main income in the future. If ever my bitcoin will be enough for my needs, maybe the time will come that bitcoin is what I'll just use as main income. But finding a much stable job compared to bitcoin is also something good. It will provide more money for your needs and you can ensure that you have money not just from bitcoin. |
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Bitcoin itself is not going to turn to a human to help. You and I are the ones who will create that platform to help from the wealth you must have accrued from being an early adopter of bitcoin.
Do as much as you can in your own little way and if we all keep that going, you'd be surprised at the number of poor children's life you will be touching. We all have a part to play!
That's right. Bitcoin is not the one who will run after them. They should be the one who takes action on it and bitcoin is just guiding them for a better future. Bitcoin can be a great help to poor children if and only if they are willing to learn this cryptocurrency. If they don't make a move for it then it is their loss. Many unemployed people in underdeveloped countries are becoming independent due to btc and other crypto currencies. They have started to earn and now do have some source of income and helping their family as well through this. If people from underdeveloped countries will have internet connections then they can access bitcoin for them to gain profit for their family. But not at all times you can depend on bitcoin, you should still look for a stable job to rise up from poverty. Never settle with just having crypto, it might raise you from poverty but is is still risky. |
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Basing on the market today bitcoin is dumping hard and also the alt coins. I guess without bitcoin the other coins will be gone too. What do you think?
And you think bitcoin will gone? it is a horrible statement I see your rank is a full member. How do you think like that? I don't understand every time the market goes down there will always be people asking this is the end of bitcoin and altcoin. You have to learn more again about cryptocurrency. And you are full member, bitcoin and altcoin price down does not mean it will die but it is normal. Bitcoin price is very volatile, whenever it will crash and make the price down, and vice versa. So far we just focus on bitcoin prices, not to bitcoin users because that can make bitcoin die is the user, not the price. Based on the topic, maybe I can say that other coins will survive, But people using the other coins will be the one that should endorse other coins to people using bitcoin before. Just keep in mind that bitcoin's price increases and decreases, it is volatile. But it is normal for that to happen, so maybe btc will nt be gone quickly. |
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They say gold is better because bitcoin is not actually approved by all of the countries. Yes, transactions can be made through bitcoin but not everyone uses bitcoin everyday. And bitcoin got it's value from us but it doesn't really exist, or it won't really exist if we didn't make it. On the other hand, gold is gold, whether we dig it up or not, it is still gold. It still has it's value. By any means, gold is still consistent with it's value.
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Hi gang, currently working on a project to help friends and family make investments together through their friendly neighbourhood crypto enthusiast: looking for people to try out the alpha version of our product: https://www.cryptosquad.io/would love feedback, thanks  You can see that this is a new market and extremely risky, this market can bring you huge profits that can also make you lose your property in one night. So I never let my family or friends know that I invested in the crypto market. We all see the current market is in crisis, the price of bitcoin and altcoin have fallen dramatically in the past days, so you can see that this is a very risky school. Definitely a lot of volatility in the market, but I do believe that the next major public applications and services will be decentralised, I also believe that giving the general population (not just the "accredited investors" or people with the technical knowhow) the opportunity to invest in these. That's what we're aiming for anyway! It is good that you have this idea of investing for them, but think first if crypto will be your priority. Crypto is risky and putting all your time on it is good but you still should have a much stable job to support your needs. You can't just keep on doing btc because it is easy to gain profit here. You will gain more profit by having another job alongside with btc. |
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It could be, however, there might be a time when btc will have no more value. Holding a btc for a long time and waiting for it's value to increase is good but you should think first if you'll keep it for a long time. Who knows if btc loses it's value? Things aren't permanent and so is the value of btc. It is a good way of investment but the value is still risky.
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There is no good news about bitcoin from my country but i believed that they are on putting some of their attention to bitcoin because it was a hot topic back from last year and that is the reason why i am now collecting bitcoin while it is cheap because when bitcoin explode from different good news in the future then i will be having too much profit.
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